Thursday , 1 October 2020

Features

2nd Generation Appraiser is now Chief Appraiser for Freddie Mac

Freddie Mac was founded in 1970, its mission has always been to provide access to affordable homeownership and rental housing. Freddie Mac is one of the largest sources of financing for multifamily housing. The Buzz staff reached out to Scott Reuter, the new Chief Appraiser and Director of Valuation at Freddie Mac to discuss his new role and the initiatives …

Read More »

2016 National Appraiser Survey Results Are In.

Thank you once again for assisting us with the National Appraisal Survey. It is important to the entire profession that your voice is heard. This survey is widely read by regulators, lenders, AMCs and vendors. Your feedback is especially important to the Allterra Group team. Understanding what the emerging issues are helps us develop webinars and educational opportunities that you …

Read More »

“The little things make a difference”

Valuation Expo has noted that it is the place to learn, network, and prosper. Providing different speakers, topics, and vendors at each show, Valuation Expo, offers a unique view of what is going on behind the curtain from regulators and industry leaders. The Appraiser Coach, Dustin Harris, was kind enough to broadcast his podcast live during the show to allow participants …

Read More »

Scope Creep – Something About A Forest & Trees

What lax standards caused, unreasonable standards will not cure. I originally published an article on Scope Creep in 2011. Unfortunately not much has changed five years later. An appraisal report is now X number of pages, takes twice as long to complete and for fees that are the same quoted a decade ago. This is not a sustainable model. I …

Read More »

Managing Risk

Professional or General Liability Insurance:  What’s the difference? In simplest terms, general liability insurance covers claims for bodily injury or property damage for which you are legally liable.  Professional liability covers claims for economic loss caused by errors or omissions in carrying out your professional duties.  You might think of it as physical damages as opposed to financial damages. While …

Read More »

Modernizing Appraisals and the Future of the Industry

The Subcommittee on Housing and Insurance held a hearing on November 16, 2016 to solicit recommendations for improvements to the current appraisal process. Testimony was giving on the current appraisal oversight and suggestions were provided on what can be done for the future of the appraisal industry. Those invited to speak included, James Park, Executive Director, Appraisal Subcommittee, David Bunton, …

Read More »

What happened in Vegas…

We are just getting back and recovering from Valuation Expo in Las Vegas, NV. A combination of time changes and long days lasting into long nights makes for one heck of an Expo! It’s been over two years since our last run in Las Vegas, and our attendance was great hitting 560 registered attendees. During the conference our continuing education …

Read More »

Big Data was Wrong, Bigly Wrong

I hope everyone reads this as a cautionary tale. The polls, all of the them, in the presidential election were wrong, bigly wrong. All of the models were wrong as well. You know… those sophisticated statistical models created by quants. Most of the journalists were wrong and failed to report in an unbiased manner. I think appraisers understand, like no …

Read More »